St. Croix Hospice continues to grow, now with a new location in Baxter, Minn. This is the company’s sixth de novo in 2021, following an additional seven that opened during 2020. St. Croix is backed by the private equity firm H.I.G. Capital, which acquired the hospice provider last year from the Vistria Group for an […]
In a changing payment and regulatory environment, hospices are zeroing in on factors such as data collection, effective revenue cycle management and electronic medical record (EMR) interoperability. Providers that are leveraging technology to achieve these aims need to implement these systems carefully, including education for staff, according to Jennifer Maxwell, CEO and co-founder of Maxwell […]
Favorable demographics and rising demand are attracting a range of investors to the hospice space, with private equity leading the way in terms of deal volume. However, the fee-for-service payment model within the Medicare Hospice Benefit is also a key driver of buyers’ interest. Value-based payment programs have opened up to hospices in 2021. This […]
Private equity firm the Vistria Group has sold hospice provider Agape Care Group to Ridgemont Equity Partners. Financial terms were not disclosed. The deal follows a period of accelerated growth for Agape, which has completed multiple acquisitions in its own right since Vistria purchased the company three years ago. Agape’s footprint covers 45% of Georgia […]
Private equity investors remain bullish on hospice with no signs of slowing down. However, with a number of high-profile transactions completed or in the works during 2020 and 2021, the number of hospices of scale that are likely to come to market is dwindling. During the next few years, PE firms will likely fix their […]
South Carolina-headquartered Agape Care Group has acquired Integrity Hospice in Dublin, Ga. This boosts Agape’s footprint to cover 45% of the Peach State in addition to 46 counties in South Carolina. Financial terms of the transaction were undisclosed. Agape, a portfolio company of the private equity firm The Vistria Group, is pursuing a three-pronged growth […]
California-based Mission Healthcare has acquired the multi-state home health provider Healthy Living Network. This will add 5,000 patients to Mission’s daily census as well as 36 new locations. The transaction furthers Mission’s growth trajectory, which includes the purchase of the Utah, San Francisco-area, and Ventura County, Calif., locations of Silverado Hospice last month for an […]
St. Croix Hospice has made its second acquisition in Illinois, a location of Silverado Hospice. St. Croix, a portfolio company of the private equity firm H.I.G. Capital, first entered the Illinois market with the purchase of Hospice Care of America in April. Financial terms of the transaction were not disclosed. California-headquartered Silverado Hospice is currently […]
Minnesota-headquartered St. Croix Hospice has moved into the state of Michigan with the purchase of CNS Hospice for an undisclosed amount. The Troy, Mich.-based provider serves the Detroit metropolitan area. St. Croix, a portfolio company of the private equity firm H.I.G. Capital, has been aggressive in pursuing growth during 2020 and 2021. St. Croix opened […]
The hospice mergers and acquisitions market has been burgeoning for the last several years and continues to accelerate. Hospice leads the health care sector in terms of investor interest and valuations, but providers may hit some walls if workforce shortages worsen. Among the driving forces behind this continued acceleration include demographic tailwinds, rising demand and […]
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